Gold price today (March 28): "Smashing" record

Domestic gold price today

Domestic gold bar prices continue to increase sharply. Currently, gold brands are buying at 97.4 million VND/tael and selling at 98.9 million VND/tael. Bao Tin Minh Chau gold alone is buying at 100,000 VND higher than other brands.

Similarly, the price of gold rings of various brands was also adjusted up. Specifically, the price of SJC 9999 gold rings was adjusted up by 600,000 VND for buying and 500,000 VND for selling, to 97.2 million VND/tael for buying and 98.7 million VND/tael for selling, respectively.

Domestic gold prices increase. Photo: nld.com.vn

DOJI in Hanoi and Ho Chi Minh City markets adjusted up 500,000 VND for buying and 500,000 VND for selling to 97.2 million VND/tael for buying and 99.5 million VND/tael for selling, respectively.

PNJ brand gold ring price is listed at 97.4 million VND/tael and 99.4 million VND/tael, an increase of 700,000 VND in buying price and 400,000 VND in selling price.

Bao Tin Minh Chau listed the price of plain round gold rings at 97.6 million VND/tael for buying and 99.7 million VND/tael for selling, an increase of 800,000 VND for buying and 600,000 VND for selling.

Phu Quy SJC is buying gold rings at 97.5 million VND/tael and selling at 99.7 million VND/tael, an increase of 700,000 VND in both directions.

Domestic gold bar prices updated at 5:30 am on March 28 as follows:

Yellow	Area	Early morning 27-3	Early morning 28-3	Difference
Buy	Sell	Buy	Sell	Buy	Sell
Unit of measure: Million VND/tael	Unit of measure: Thousand dong/tael
DOJI	Hanoi	96.7	98.4	97.4	98.9	+700	+500
Ho Chi Minh City	96.7	98.4	97.4	98.9	+700	+500
SJC	Ho Chi Minh City	96.7	98.4	97.4	98.9	+700	+500
Hanoi	96.7	98.4	97.4	98.9	+700	+500
Danang	96.7	98.4	97.4	98.9	+700	+500
PNJ	Ho Chi Minh City	96.7	98.4	97.4	98.9	+700	+500
Hanoi	96.7	98.4	97.4	98.9	+700	+500
Bao Tin Minh Chau	Nationwide	96.8	98.4	97.5	98.9	+700	+500
Phu Quy SJC	Nationwide	96.7	98.4	97.4	98.9	+700	+500

World gold price today

World gold prices were stable, with spot gold prices rising by $34.6 to $3,056.1 an ounce. Gold futures last traded at $3,097.6 an ounce, up $41.6 from early this morning.

Gold prices continued to “break” the record of $ 3,057.21 / ounce reached on March 20 and rose to $ 3,059.3 / ounce on Thursday before reversing slightly down. This is the 17th record that the precious metal has achieved this year. The gold price continued to be supported by safe-haven demand due to concerns about escalating global trade tensions and the stock market plunged after the announcement of new auto tariffs by US President Donald Trump.

Looking at the price action, RJO Futures senior market strategist Bob Haberkorn said that gold futures will soon hit $3,100 an ounce and the main driver remains safe-haven buying, fueled by uncertainty surrounding President Trump's tariff plans.

World leaders said they would retaliate against the 25% tariff that US President Donald Trump imposed on imported cars. Global stock markets were rocked as shares of some of the world's biggest automakers plunged.

World gold prices increase sharply. Photo: Getty Images

Gold is also getting support from strong central bank inflows and demand from exchange-traded funds, said Phillip Streible, market strategist at Blue Line Futures.

Investors are now waiting for US personal consumption spending data to gauge the likelihood of further rate cuts, following the US central bank's decision to keep its benchmark interest rate unchanged at its meeting last week.

Seeing stronger-than-expected inflows into exchange-traded funds and continued demand from central banks, Goldman Sachs raised its gold price forecast for the end of 2025 from $3,100/ounce to $3,300/ounce.

With the domestic gold bar price increasing and the world gold price listed at Kitco at 3,056.1 USD/ounce (equivalent to about 94.9 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 4 million VND/tael.

TRAN HO HOAI

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